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  • Dollar traders looking for a bullish push to kick off Monday with thin markets and Japan on holidays.
  • Market sentiment remains subdued by trade wars, and risk appetite remains off-kilter.
  • Failure to break last week’s high nearby could see the bullish mid-term correction falter.

USD/JPY Chart, 1-Hour

Spot rate 112.07
Relative change 0.06%
High 112.12
Low 111.94
   
Trend Bullish to sideways
   
Support 1 111.82 (50-hour EMA)
Support 2 111.46 (200-hour EMA)
Support 3 111.06 (61.8% Fibo retracement level)
   
Resistance 1 112.16 (previous week high)
Resistance 2 113.17 (one month high)
Resistance 3 113.50 (major technical level)

 

Expert score

5

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